By William Gullotti
Buffalo, N.Y., March 17 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% digital equity notes due April 10, 2024 linked to the stock performance of Pfizer Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the stock finishes at or above its threshold level, 90% of initial level, the payout at maturity will par plus 15.81%.
Otherwise, investors will lose 1.1111% for every 1% decline below 10%.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Digital equity notes
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Underlying stock: | Pfizer Inc.
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Amount: | $1 million
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Maturity: | April 10, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If stock finishes at or above threshold level, par plus 15.81%; otherwise, 1.1111% loss for every 1% decline beyond 10%
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Initial level: | $39.94
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Threshold level: | 90% of initial level
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Strike date: | March 8
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Pricing date: | March 10
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Settlement date: | March 17
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.08%
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Cusip: | 48133UZE5
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